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MGC94
MGC94
Level 7
Sep 18, 2024 12:38 PM UTC
Question

ERC / Interest

ERC and amended returns were done. 

Tax year 2020 
Fed $0
VA $0
 
Tax year 2021 
Fed -$92,501
State -$15,775
 
Tax year 2022
Fed -$10,618
State -$1,744
 
Tax year 2023
Fed -$13,771
State -$5,388
 
2021 (the worst year) interest was over $15,000..... What can I do for interest and penalties 

15 replies

judys3
Level 6
Sep 18, 2024 1:41 PM UTC

I've written letters.  Waiting now to hear back from my last.  

MGC94
MGC94Author
Level 7
Sep 18, 2024 1:47 PM UTC

@judys3 Where did you write the letter to? The address on the notice or did you do form 843? Thank you

qbteachmt
qbteachmt
Level 15
Sep 18, 2024 4:32 PM UTC

Why are 2022 and 2023 involved?

Don't yell at us; we're volunteers
    MGC94
    MGC94Author
    Level 7
    Oct 10, 2024 5:29 PM UTC

    Carryforward loss wasn't a loss anymore

    MGC94
    MGC94Author
    Level 7
    Nov 23, 2024 9:41 PM UTC

    Has anyone been successful getting rid of ERC interest?? 

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